FirstEnergy and AEP Reject Competition from New Player Dynegy

Utilities FirstEnergy and AEP want state regulators to approve plans that allow them to hike their customers’ bills to ensure energy production and guarantee income for their struggling coal plants.

But as Statehouse correspondent Andy Chow reports, a new energy player wants to crash the party.

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Andy Chow on Ohio's changing energy landscape

Keeping the coal-fired Sammis plant is part of the package of subsidies proposed by FirstEnergy, paid for by customers. AEP is working on a similar plan to pay for aging coal plants. Both plans could be scuttled by a new player in the Ohio energy market.

Credit FIRST ENERGY / WIKIPEDIA

Dynegy just bought several coal and natural gas plants from Duke Energy. Now the independent energy producer says it can counter plans from AEP and FirstEnergy by offering the same amount of energy for $5 billion less.

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